Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Insurance Industry’s Political Contributions to Democrats Spike in 2008
Nov 16 2008 // Political contributions to Democratic candidates in the 2008 election spiked more than 10 percent overall, according to data from the Center for Responsive Politics, a nonpartisan, independent research group that tracks...
CEO of New Marsh Retail Agency Sees Lean, Nimble Operation
Nov 16 2008 // New Nationwide Entity to Target Smaller U.S.-Based Companies with Less Complex Needs, Says CEO Butcher Global insurance broker Marsh, accustomed to handling large and complex insurance accounts, has its eye on the $80...
Catlin Group’s Interim Management Statement Shows Top Line Gains
Nov 14 2008 // The Bermuda-based Catlin Group Limited has just released its “Interim management Statement,” which shows premium gains in most sectors, but did not give fianncial results. Catlin operates extensively in the...
Meltdown 101: Why Did the AIG Bailout Get Bigger?
Nov 12 2008 // It’s a $150 billion gamble. That’s the size of the newly enlarged financial lifeline the U.S. government threw tottering insurance giant American International Group on Monday, expanding an aid package...
Survey Finds World Business Leaders Back More Regulation
Nov 12 2008 // Business leaders around the world back greater regulation in response to the global financial crisis, a survey showed on Wednesday, with support strongest for curbs on credit rating firms, hedge funds and structured...
AIG Outlines Revised Bailout Plan
Nov 10 2008 // American International Group, Inc. (AIG) today announced agreements with the U.S. Treasury and the Federal Reserve to establish a durable capital structure for AIG, and facilities designed to resolve the liquidity issues...
AIG Reworks Bailout; Fed Ups Support to $150B, Lowers Interest Rate
Nov 9 2008 // The U.S. government dramatically boosted its bailout of insurer American International Group Inc. and eased the terms of its loans to the company on Monday after an initial rescue plan failed to stabilize the...
Insurers Advised to Get Federal Funds By Applying for Bank Charter
Nov 9 2008 // U.S. insurance companies trying to get access to government funding can apply for a bank or thrift charter at the same time as they apply for a cash infusion under the U.S. government’s $700 billion financial...
Taxpayers on Hook for Mortgage Executives’ Legal Defense Costs
Nov 7 2008 // When the U.S. government took over mortgage giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They’re also potentially on the hook for tens of millions of dollars in legal fees for the...
Ex-New York Gov. Spitzer Will Not Face Sex Ring Charges
Nov 6 2008 // U.S. prosecutors in New York said Thursday they would not seek criminal charges against former New York Gov. Eliot Spitzer for his involvement in a prostitution ring that led to his resignation. Spitzer, who stepped down...
U.S.-Mexico Cross Border Trucking Project Extended for Two More Years
Nov 5 2008 // The U.S. Department of Transportation recently extended for two years the cross-border trucking demonstration project, a reciprocal agreement that allows up to 100 Mexico-domiciled motor carriers to operate beyond the U.S....
World Leaders Urge Obama to Shape New Economic Order
Nov 5 2008 // Political leaders urged U.S. President-elect Barack Obama on Wednesday to help forge a new economic order and lead the world out of its worst financial crisis since the 1930s. Excitement about the election of Democrat...
Industry Can Expect Change Whether Obama or McCain Wins
Nov 4 2008 // As Democratic presidential candidate Barack Obama comes down the homestretch leading Republican rival John McCain, corporate America is bracing for what lies beyond the finish line. After the election Tuesday, major...
Drugmakers’ Bid for Lawsuit Limits Heard by U.S. Supreme Court Today
Nov 3 2008 // The Supreme Court hears arguments Monday in a closely watched case that could limit liability claims against drugmakers if one of their medicines causes harm. The case pits drug giant Wyeth against a guitarist who lost...
It Figures
Nov 2 2008 // 6 The owner of a Little Rock, Ark., insurance company was sentenced to six years in prison on a federal fraud conviction, the Associated Press reported. Frank Whitbeck, was ordered to pay $3.8 million restitution and was...
Willis Report: California May See Less Shaking in Earthquake
Nov 2 2008 // Ground view of collapsed building and burned area as a result of an earthquake at Beach and Divisadero, Marina District. Photo courtesy of C.E. Meyer, U.S. Geological Survey. California buildings are less likely to shake,...
Foreclosed Residential Projects
Nov 2 2008 // When It’s Broken, How Do We Fix It? Halloween has come and gone, but modern-day ghost towns continue to haunt the U.S. landscape. After nearly a decade of exponential growth, developers and homebuilders have seen the...
Commercial P/C Insurers’ Stocks Down 14%; M&A Activity at Historic Highs
Nov 2 2008 // Stock Prices: The turbulent stock market is not sparing commercial property/casualty insurers. Through the first nine months of the year stocks are down 14 percent in the sector. M&A Activity: Despite the current...
Ex-CEO Greenberg Warns AIG Running Out of Time to Be Saved
Oct 31 2008 // Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, says the terms and conditions surrounding a government rescue loan are pushing the insurer closer to collapse with each...
Ace CEO Says Insurers Wrong to Seek Taypayer Funds
Oct 30 2008 // Evan Greenberg, Ace Limited’s CEO, chided insurers asking to take part in a plan that could see government take stakes in ailing financial institutions, saying the motivation is not real need but access to...
